indirect tax
tax which is not collected directly from the payer
Indirect tax
The term indirect tax has more than one meaning.In the colloquial sense, an indirect tax (such as
sales tax,
value added tax (VAT), or
goods and services tax (GST)) is a
tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer). The intermediary later files a tax return and forwards the tax proceeds to
government with the return. In this sense, the term indirect tax is contrasted with a direct tax which is collected directly by government from the persons (legal or natural) on which it is imposed.
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indirect tax
Noun
1. a tax levied on goods or services rather than on persons or organizations
(hypernym) tax, taxation, revenue enhancement
(hyponym) hidden tax
indirect tax
indirect tax
Eng: indirect tax
Urdu: بِالواسطہ محصُول ۔ وہ محصُول جو انجام کار کِسی دُوسرے کو ادا کرنا ہوتا ہے ۔